Zen Aerospace Corporation reported the following equity account balances on December $31,2022$: Preferred shares, $$3\mathrm{.}60$ cumulative, unlimited shares authorized$$0$Common shares, unlimited shares authorized, $25,000$ shares issued and outstanding $690,000$Retained earnings $334,000$In $2023,$ the company had the following transactions affecting shareholders and the shareholders equity accounts: Jan$\mathrm{.}1$ Purchased and retired $3,000$ common shares at $$36$ per share. $14$ The directors declared an $12\%$ share dividend distributable on February $5$ to the January $30$ shareholders of record. The shares were trading at $$46\mathrm{.}60$ per share. $30$ Date of record regarding the $12\%$ share dividend. Feb$\mathrm{.}5$ Date of distribution regarding the $12\%$ share dividend. July$6$ Sold $6,000$ preferred shares at $$70$ per share. Sept$\mathrm{.}5$ The directors declared a total cash dividend of $$48,009$ payable on October $5$ to the September $20$ shareholders of record. Oct$\mathrm{.}5$ The cash dividend declared on September $5$ was paid. Dec$\mathrm{.}31$ Closed the $$475,600$ credit balance in the Profit Summary account to Retained Earnings. $31$ Closed the dividend accounts. Required$1.$ Prepare journal entries to record the transactions and closings for $2023($assume the retirements were the first ever recorded by Zen Aerospace$).$ Assume share dividends and cash dividends account is used when dividends are declared. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)2.$ Prepare the statement of changes in equity for the year ended December $31,2023.($Amounts to be deducted should be indicated by a minus sign. Round the final answer to the nearest whole dollar.$)$